This is a common mistake many homeowners make. The way the insurance business operates, the real genius behind it, is like so: The coverage is complete and total right up until the moment you file a claim. Once you do that, of course, the coverage runs out. So these people, had they not filed a claim, would be completely covered against their loss. But they did and, well, now it's time for them to pay higher premiums. A bitter lesson, I'm sure, but one from which they shall, no doubt, emerge the better because of it. Unlike their house.

It may sound heartless to someone who doesn't hold preferred shares, but the insurance company must follow such a business model to protect itself against the rampant fraud that accompanies these events. For all anyone knows, this couple, under cover of Sandy, a conveniently-timed sprinkle, may have generated a 120-mph wind to blow their roof off so they could pour 2.5 million gallons of "rain" into their home (just in time for the holidays, too! Looking very suspicious, isn't it?) in order to collect a nice fat settlement check. Little do they care that they may be depriving some poor stockholder of that skiing weekend in Gstaad.

And the ashtray in the Maserati is full, so I have to go to Italy to shop for a new one of those. Trouble every day.

tshauk:ThatGuyFromTheInternet: This is the third greenight on this story. (at least)

This

Does anyone at Fark even try any more.I picture a den of Kentucky WOW gold farmers where every once in a while the foreman randomly selects a thread to go green and shouts "Go Green?"Then the farmers all look up and shout back "Go Green!!"They all do a shot of Makers Mark, the foreman posts the thread and the workers go back to gold farming some gold.

MN8:You mean the policy that excludes flood damage? They choose not to pay for Flood Coverage, then got a flooded house and are now butt hurt?

From the last 4 times I read this story they pretty much have witnesses that said the roof was gona and some of the walls had been destroyed by high winds well before the storm surge destroyed the rest of what was left.

Seems to me it would be like having a house fire and them claiming the damage was "flood related" because the fire hoses got everything wet.

/although if you do have a fire, smoke and water will do WAY more damage than the actual fire ever did.